Chinese government completes Royal Mint buy for new embassy
Delancey and LRC Group have completed the sale of iconic Royal Mint Court site in London to the People’s Republic of China following an unsolicited offer.
The Chinese government plans to convert the 5.4 acre site, which sits opposite the Tower of London, into the country’s new UK embassy.
The sale comes less than two years after the Delancey and LRC joint venture received the go-ahead for a £750m, 600,000 sq ft office scheme offering 50% more net office space than the site currently has. Alongside this, there is planning permission in place for a wider refurbishment and part redevelopment including new retail and leisure accommodation, 1.8 acres of landscaped public realm.
This is premium content
You must be logged in to view premium stories.
Subscribe for full access
Take out a print and online or online only subscription and you will get immediate access to:
- Breaking industry news as it happens
- Expert analysis and comment from industry leaders
- Unlimited access to all stories, including premium content
- Full access to all our online archive
To get access to premium content subscribe today
Alternatively REGISTER for a free trial to access up to 4 articles and sign up for email alerts
If you are already a registered user or a subscriber you can SIGN IN now